From Plumber to Buying & Selling Online Businesses with Jaryd Krause
Episode description
🚀 Get My Free Book! 📖 How to Buy Your First Million Dollar Business
Being a Plumber to Buying & Selling Online Businesses (4 to be exact) and now teaching others to do the same. Jaryd also helps his students scale their acquisitions - while only working 20 hours a week. The rest of the time he is doing a lot of traveling and surfing in between coaching.
SHOW NOTES:
00:00 Intro
01:13 Wanted to be wealthy but not academically smart enough s0...plumbing
03:01 Saw the rich life, the frustration, drinking too much and the call to adventure
04:55 In Egypt, typed into google' "how to make money online"
06:14 1st Acquisition - membership site to a database of wholesalers
08:53 How 1st Acquisition preformed financially
09:25 Saving the lessons learned
10:38 2nd acquisition - custom made suits from Asia guaranteed fit
14:42 3rd acquisition - hanging egg chairs: big order customer fraud & supplier issues
23:21 Becoming a coaching to help others buy a business - only worked when he charged $$$
29:00 Why do students spend money on business buying courses but never buy one
32:00 Size of business he targets $50k to $500k - don't buy another job & scaling
39:20 How he helps scale - listening - business is screaming help me Jaryd
43:33 The business Sorting hat - make it so dam hard for employees to mess it up
46:10 The funny thing about getting "experience"
47:40 Down to 20 hours a week.